UDR (NYSE:UDR) Given “Neutral” Rating at Zelman & Associates

UDR (NYSE:UDR)‘s stock had its “neutral” rating restated by research analysts at Zelman & Associates in a research note issued on Thursday,Benzinga reports.

Several other brokerages have also recently issued reports on UDR. Wells Fargo & Company cut their target price on shares of UDR from $48.00 to $45.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. StockNews.com raised UDR from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. Barclays lowered their price objective on UDR from $50.00 to $48.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. Royal Bank of Canada raised their price objective on UDR from $43.00 to $44.00 and gave the company a “sector perform” rating in a research report on Friday, February 7th. Finally, Jefferies Financial Group downgraded UDR from a “buy” rating to a “hold” rating and reduced their price target for the company from $50.00 to $45.00 in a report on Thursday, January 2nd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $46.12.

UDR Stock Performance

Shares of UDR stock traded up $0.40 during trading hours on Thursday, hitting $42.95. 591,698 shares of the company’s stock traded hands, compared to its average volume of 1,920,112. UDR has a 12-month low of $34.61 and a 12-month high of $47.55. The stock has a market capitalization of $14.17 billion, a price-to-earnings ratio of 171.88, a PEG ratio of 11.72 and a beta of 0.88. The company has a fifty day simple moving average of $42.51 and a 200-day simple moving average of $43.48. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.32 and a quick ratio of 5.91.

UDR (NYSE:UDR) last announced its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.53. UDR had a return on equity of 2.65% and a net margin of 5.36%. Equities research analysts anticipate that UDR will post 2.51 EPS for the current fiscal year.

Institutional Trading of UDR

Institutional investors and hedge funds have recently made changes to their positions in the company. Activest Wealth Management purchased a new stake in shares of UDR in the 3rd quarter valued at about $27,000. Brooklyn Investment Group purchased a new stake in UDR during the 3rd quarter valued at approximately $33,000. Continuum Advisory LLC raised its stake in UDR by 5,335.3% during the 3rd quarter. Continuum Advisory LLC now owns 924 shares of the real estate investment trust’s stock valued at $41,000 after acquiring an additional 907 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in UDR by 68.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,206 shares of the real estate investment trust’s stock valued at $52,000 after acquiring an additional 491 shares during the last quarter. Finally, Salem Investment Counselors Inc. raised its stake in UDR by 62.7% during the 4th quarter. Salem Investment Counselors Inc. now owns 1,349 shares of the real estate investment trust’s stock valued at $59,000 after acquiring an additional 520 shares during the last quarter. 97.84% of the stock is owned by hedge funds and other institutional investors.

About UDR

UDR, Inc (NYSE: UDR), an S&P 500 company, is a leading multifamily real estate investment trust with a demonstrated performance history of delivering superior and dependable returns by successfully managing, buying, selling, developing and redeveloping attractive real estate communities in targeted U.S.